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Shares of Intuit Inc Rise Above Previous 52-Week High

By James Quinn

Intuit Inc (NASDAQ:INTU) traded today at a new 52-week high of $227.69. So far today approximately 213,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Intuit Inc share prices have moved between a 52-week high of $227.69 and a 52-week low of $130.26 and are now trading 74% above that low price at $226.89 per share. The 200-day and 50-day moving averages have moved 0.59% higher and 0.59% higher over the past week, respectively.

Intuit Inc (NASDAQ:INTU) is currently priced 21.3% above its average consensus analyst price target of $178.50. The stock should find initial support at its 50-day moving average (MA) of $212.89 and further support at its 200-day MA of $185.78.

Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals. The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.

SmarTrend recommended that subscribers consider buying shares of Intuit Inc on August 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $214.41. Since that recommendation, shares of Intuit Inc have risen 5.3%. We continue to monitor INTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows intuit inc

Ticker(s): INTU